positive opening is expected with possibility of profit booking at higher levels which may turn in panic sell off at later stage , so be cautious and avoid fresh buying if nifty trades in green zone and wait for establishment of trend . If nifty trades in range, in that case sell at upper end and book profit near to bottom of range. But avoid picking long trade between 5980 -6000 range . Buy only above 6028 . Same for Bank nifty buy only if moves above 12750 for positional traders . Intra traders may trade according to intra day trend with strict sl and small targets .
11 calls and all of them bang on targets in all segments cash /nifty options /futures commodities .
Shared in real at chat room Dhanvarsha .
Kabhi kabhi meri gali aaya karo …
Nifty failed to breach previous days high on policy day indicated that RBI policy was unable to please market participants and marked ended in red zone after extremely volatile session . We are interpreting it like that ” big players were expecting more than that but when policy not favoured their expectations they are keeping market at higher levels to close their positions and reversing at higher levels before moving to South ” just imagination seeing few indicators and market move. …
Trade in Nifty futures as per these levels
Buy at / above: 6009 Targets: 6028 – 6049 - 6068 – 6088
Stoploss : 5988
Sell at / below: 5988 Targets: 5961 – 5941 – 5921 – 5904- 5874
Stoploss : 6009
The markets have been bustling this month, with the Nifty Index gaining nine per cent from its low on April 9. This gain in the Nifty has been mainly due to global cues, with both crude oil and gold declining nine per cent each during the month. Also, the earnings season so far has been good, with most companies beating estimates on margins and bottom line fronts. The key factors that will shape the market performance in the next few months would be Reserve Bank of India’s (RBI) monetary stance, global cues, earnings season and government’s progress on policy action.
Dow traded in range after initial upblast later closed in green above 143 $
NIFTY OUTLOOK AND TRADING LEVELS FOR 06 May 2013